Trussville, AL - Ellianos Coffee
$1,600,000
7260 Gadsden Hwy, Trussville, AL 35173
6
Cap Rate
96,000
NOI
Details:
Description:
• The tenant just signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• Ellianos Coffee was founded in Lake City, Florida and currently has 74 operating locations with over 200 additional locations planned
• The brand new site will feature a state-of-the-art design with high-quality materials
• The lease features a 2% annual rental increases throughout initial term and options thereafter, steadily growing the NOI and providing a hedge against inflation
• Ideally positioned off I-59 (64,400) VPD, allowing for on/off ramp access to the site and surrounding trade area
• Near signalized, hard corner intersection of Gadsden Hwy and Deerfoot Pkwy which combined average 32,200 vehicles passing by daily
• The property is directly next to a Publix
• The site is near multiple national/credit tenants including Shell, Subway, Gerber Collision, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Hewitt-Trussville Middle School (1,139 students), further increasing consumer traffic to the site
Location
Gallery